Tegma´s Q2 2019 Results

TEGMA GESTAO LOGISTICA S.A., one of the largest logistic providers in Brazil and in logistics for brand new vehicles in Brazil, hereby presents its Q2 2019 results.

Highlights:

• Tegma transported 208.2 thousand vehicles in 2Q19, 7.4% more than the previous year, reflecting 25.9% of market share or a 1.5 p.p gain vs 2Q18.
• Tegma’s EBITDA in 2Q19 was R$ 59.4 million. For comparative purposes, if we disregard the impacts of IFRS 16, it was R$ 51.2 million, 13.3% higher vs the previous year.
• 2Q19 Tegma’s net income was R$ 32.5 million, 15.4% higher than 2Q18.
• 2Q19 free cash flow was R$ 36.6 million, influenced negatively by higher CAPEX and higher cash cycle. For comparative purposes, if we disregard the impact of IFRS16, the 2Q19 free cash flow was R$ 30.1 million.
• The company’s net debt on June 30, 2019 was R$ 31.9 million, corresponding to 0.1x adjusted EBITDA of the last 12 months.
• Tegma 2Q19 ROIC was 35.5%.

To access the 2Q19 results teleconference replay call click here.